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Internal Revenue Service › Personal Use › Business Expenses

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
Foodman CPAs & Advisors

Jets Corporativos Y El IRS

Foodman CPAs & Advisors on

El 2/21/24, el IRS anunció que comenzará a auditar el uso de aviones corporativos como parte de su esfuerzo más amplio para asegurar que los grupos de altos ingresos “no pasen desapercibidos” en sus responsabilidades...more

Foodman CPAs & Advisors

Corporate Jets And The IRS

Foodman CPAs & Advisors on

On 2/21/24, the IRS announced that it will begin auditing corporate jet usage as part of its larger effort to ensure high-income groups “don’t fly under the radar” on tax responsibilities. IRS Commissioner Danny Werfel...more

McDermott Will & Emery

Soaring New Heights: The IRS’s Crackdown of Aircraft Usage by Corporations and High-Income Earners

McDermott Will & Emery on

The Internal Revenue Service (IRS) has announced plans to initiate dozens of new audits this spring in an attempt to limit personal usage of corporate aircraft. These audits will focus primarily on “highest risk” corporations...more

Rivkin Radler LLP

Transacting With One’s Business – Keep It Arm’s Length

Rivkin Radler LLP on

Don’t Be Unreasonable- Much has been written of late regarding the payment by a business of various personal expenses incurred by its owner or certain key employees. The payment of an owner’s personal expenses appears to...more

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